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Alro S.A.

Related Party Transaction • Oct 15, 2021

2283_rns_2021-10-15_ff19cb45-12f6-46f1-988d-7aebca141d38.pdf

Related Party Transaction

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No. 75/15.10.2021

To: The Financial Supervisory Authority Bucharest Stock Exchange

Current report in compliance with article no. 108 of Law no. 24/2017 on issuers of financial instruments and market operations - Republished

Date of report: October 15 st , 2021 Name of issuer: Alro S.A. Headquarters: Slatina, 116 Pitesti Street, Olt County Telephone/ fax number: +40 249 431 901 / +40 249 437 500 Sole registration number at the Trade Register Office: RO 1515374 Trade Register Number: J28/8/1991 The European Unique Identifier (EUID): ROONRCJ28/8/1991 Legal Entity Identifier (LEI): 5493008G6W6SORM2JG98 Subscribed and paid-in share capital: 356,889,567.5 RON Regulated market on which the issued shares are traded: Bucharest Stock Exchange – Premium Category (market symbol: ALR)

Significant event to be reported: Reporting of transactions with related parties according to art. 108 paragraph 3 and paragraph 13 of Law no. 24/2017 – Republished

Please be informed by the present Current Report, that ALRO S.A. concluded with the company CONEF GAZ SRL, company under joint control, on the date of 15 October 2021 two new contracts, whose value cumulated with the other transactions concluded/ carried out within the last months, cumulatively exceeds 5% of the Company's net assets, as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2021, in amount of RON 50,219,273, as follows:

  • Transactions of ALRO S.A. with CONEF GAZ SRL concluded/ carried out during the period 1 st September 2020 – 30th September 2021 in total amount of RON 45,321,161.
  • Details on the contracts concluded on 15 th October 2021 by ALRO S.A. with the Company CONEF GAZ SRL in estimated amount of RON 133,827,013.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of concluded/carried out transactions during the period 1 st September 2020 – 30 th September 2021;

• Annex 2 - Reporting of contracts related to the transactions in Annex 1

• Annex 3 - Reporting of contracts concluded on 15 th October 2021 and of mutual debts and receivables (balances) as of 30 September 2021.

The Company management declares that the management has assessed the reported transactions as being economically correct and justified.

Chairman of the Board of Directors Chief Executive Officer

Marian Daniel Nastase Gheorghe Dobra

Annex 1 - Reporting of concluded/carried out transactions during the period 1 September 2020 – 30 September 2021

Acquisitions

Year Months Name Nature of
relationship		 Name Nature of
relationship		 Nature of
transaction		 Object of
transaction		 Amount (RON) N.R.U. number/ Date of
contract
2020 9 ALRO SA Issuer CONEF GAZ SRL Common
control		 Acquisitions Gas 2,775,268 668/27.05.2020
2020 10 ALRO SA Issuer CONEF GAZ SRL Common
control		 Acquisitions Gas 9,269 668/27.05.2020
2020 10 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 2,451,642 1086/01.10.2020
2020 11 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 3,631 1086/01.10.2020
2020 12 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 5,615,403 1086/01.10.2020
2021 2 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 3,528,556 1086/01.10.2020
2021 3 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 7,583,646 1086/01.10.2020
2021 4 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 4,673 1086/01.10.2020
2021 5 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 8,616,450 1086/01.10.2020
2021 6 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 5,377 1086/01.10.2020
2021 6 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 4,830,312 947/09.07.2021
2021 7 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 7,355 947/09.07.2021
2021 8 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 4,949,895 1138/13.08.2021
2021 8 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 9,236 948/09.07.2021
2021 9 ALRO SA Issuer CONEF GAZ SRL Common control Acquisitions Gas 4,732,922 1138/13.08.2021

Total

45,123,635

Sales

Year Month Name Nature of
relationship		 Name Nature of
relationship		 Nature of transaction Amount (RON) N.R.U. number/
Date of contract
2020 9 ALRO SA Issuer CONEF GAZ SRL Common control Rent 12,654 762/01.07.2020
2020 10 ALRO SA Issuer CONEF GAZ SRL Common control Rent 12,731 762/01.07.2020
2020 11 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,847 1295/13.11.2020
2020 12 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,841 1295/13.11.2020
2021 1 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,835 1295/13.11.2020
2021 2 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,847 1295/13.11.2020
2021 3 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,847 1295/13.11.2020
2021 4 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,970 1295/13.11.2020
2021 5 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,969 1295/13.11.2020
2021 6 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,957 1295/13.11.2020
2021 7 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,974 1295/13.11.2020
2021 8 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,957 1295/13.11.2020
2021 9 ALRO SA Issuer CONEF GAZ SRL Common control Rent 11,994 1295/13.11.2020
2021 9 ALRO SA Issuer CONEF GAZ SRL Common control Gas distribution services 41,104 1334/15.10.2021

Total 197,526

Annex 2 - Reporting of contracts related to the transactions in Annex 1

Acquisitions

Name Nature of
relationship		 Name Nature of
relationship		 Nature of
transaction		 Object of
transaction		 N.R.U. number/ Date
of contract		 Payment term
ALRO SA Issuer CONEF GAZ SRL Company under
common control		 Acquisitions Natural gases 668/27.05.2020 The advance on the 5th of the delivery
month, the regularization on the 15th of
the month following the month of delivery
ALRO SA Issuer CONEF GAZ SRL Company under
common control		 Acquisitions Natural gases 1086/01.10.2020 For the advance invoice: 25% of the
the 5th day of the
invoice value on
delivery month and the remaining
payment (difference) on the 24th day of
the delivery month;
For the settling invoice: on the 15th day
of the month following the consumption
month.
ALRO SA Issuer CONEF GAZ SRL Company under
common control		 Acquisitions Natural gases 947/09.07.2021 For the advance invoice: 25% of the
invoice value on the 5th day of the
delivery month and the remaining
payment (difference) on the 24th day of
the delivery month;
For the settling invoice: on the 15th day
of the month following the consumption
month.
ALRO SA Issuer CONEF GAZ SRL Company under
common control		 Acquisitions Natural gases 948/09.07.2021 For the advance invoice: 25% of the
invoice value on the 5th day of the
delivery month and the remaining
(difference) on the 24th day of
payment
the delivery month;
For the settling invoice: on the 15th day
of the month following the consumption
month.
ALRO SA Issuer CONEF GAZ SRL Company under
common control		 Acquisitions Natural gases 1138/13.08.2021 For the advance invoice: 25% of the
invoice value on the 5th day of the
delivery month and the remaining
payment (difference) on the 24th day of
the delivery month;
For the settling invoice: on the 15th day
of the month following the consumption
month.

Sales
Name Nature of
Description of Client
Nature of relationship
relationship		 Object of transaction Contract number/
Date of contract		 Payment term
ALRO SA Issuer CONEF GAZ SRL Company
under
control		 common Rents 762/01.07.2020 Until the 10th of the next month
ALRO SA Issuer CONEF GAZ SRL Company
under
control		 common Rents 1295/13.11.2020 Until the 10th of the next month
ALRO SA Issuer CONEF GAZ SRL Company
under
control		 common Gas distribution services 1334/15.10.2021 5 days from the invoice date

Anexa 3 – Raporting of the contracts concluded on 15 th October 2021 and of mutual debts and receivables (balances) as of 30 September 2021

No. Parties
having
concluded
the legal
document		 Nature of
the
relationshi
p		 Date of
conclusion and
nature of the
document		 Description of the legal
document object		 Total value of
the legal
document
(RON)		 Mutual debts
(RON)		 Created securities Stipulated
damages		 Payment terms
and conditions
1. ALRO S.A.
Conef Gaz
S.R.L.		 Issuer
Company
under joint
control		 1332/15.10.2021
Addendum no.28
to the natural gas
sales contract no.
114/2010		 Extending the contract validity
until 30th September 2022,
establishing the pricing
formula and the estimated gas
consumption during the period
01.10.2021-30.09.2022		 133,316,813 Receivable ALRO
6,259,159
Debts ALRO
-		 - 3% of the
contract
price for the
daily /
monthly
quantities
not taken
over
outside
the flexibility
limits and
those taken
over
outside
the flexibility
limits		 For the advance
invoice: 25% of the
invoice value on the
th day of the
5
delivery month and
the remaining
payment
(difference)
on the
24th day of the
delivery month;
For the settling
invoice: on the 15th
day of the month
following the
consumption month.
2. ALRO S.A.
Conef Gaz
S.R.L.		 Issuer
Company
under joint
control		 1334/15.10.2021
Contract no.
40005239/
30.07.2021 for
gas distribution
services		 Provision of gas distribution
services during the period
01.08.2021-31.08.2022		 510,200 Receivable ALRO
6,259,159
Debts ALRO
-		 Without any guarantees
originally; the parties may
agree to establish a
security representing the
value of the distribution
services provided during
a period of two months		 Payment is made
within 5 days from
the invoice date

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